Two Pensacola Stores Closing Up, Laying Off Workers

Pensacola, FL (Newsradio 92.3) -- Workers at Pensacola's Big Lots and Party City stores are facing unexpected layoffs. The retailers are both shutting down and reportedly let many employees go last week. Big Lots had planned to sell assets to a private equity firm and keep some stores open -- but the sale fell through an an announcement was made that all stores would be shutting down. The chain blamed the economy, inflation, and itnerest rates. Party City also let employees go last week, they are shutting down all locations after 40 years in operation.